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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
; Z: ^! D2 R+ e' C2 y2 t% Qhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html+ ?& O, V% X; t: V
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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New listings: 456 (492, 455, 529)2 u+ {' i- G7 K2 A
# Sales: 198 (276, 228, 218)8 i8 {& x3 W2 b& P
Ratio: 43% (56%, 50%, 41%), |; ^% d- \- r: w6 P
# Price changes: 341 (390, 363, 369)$ K, o' `" J7 N4 ^
# Expired/Off Market Listings: 174 (221, 226, 204)
8 {5 l8 V- t$ h* N8 i3 q$ a p. @Net loss/gain in listings this week: 84 (-5, 1, 107)8 h7 p# J% E5 y- A
Active listings for single family homes: 3454 (3395, 3374, 3329); m/ h0 T2 h, _
Active listings for condos: 2253 (2232, 2209, 2217)
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% L' |" H( I8 k" V$ iInventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing. , ~, M2 h( E8 \: W2 c. V8 L8 S
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/ g0 e( p/ \/ x% EThe REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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